Category : Corporate News


Omega Plastics Sold to Former Senior Team Members

Gateshead-based Omega Plastics, a former North East Company of the Year, has been sold to former senior executives Chris Thompson and Mark Thornton as founder Dave Crone retires after nearly three decades.

Rolls-Royce CEO Wins Backing for £18m Pay Package

Rolls-Royce CEO Tufan Erginbilgic is poised to secure shareholder approval for an £18m compensation package, following the company's dramatic financial turnaround and soaring share price performance since 2023.

Co-op Group Plans Takeover of Southern Co-op

The Co-op Group is targeting a takeover of Southern Co-op, aiming to integrate 300,000 members and three crematoria by late 2026, amid leadership changes and recent financial challenges.

Co-op Group Plans Merger with Southern Co-op

The Co-op Group has announced plans to merge with Southern Co-op, integrating 300 food, funeral, and Starbucks branches plus three crematoria, pending member approval in late 2026.

John Lewis CEO Pay Hits £1.2M Despite Job Cuts

John Lewis Partnership CEO Jason Tarry received a 21% salary increase to £1.2 million while the retailer eliminated 3,300 positions. The total compensation package reached nearly £1.26 million with bonuses.

Midlands Pottery Firm Denby Enters Administration

The 217-year-old Denby pottery firm has collapsed into administration, putting 500 jobs at risk. The business faced enormous financial challenges and struggled with funding in tighter markets.

Hinckley Shoe Repairs Marks 80-Year Milestone

A beloved Hinckley business, Hinckley Shoe Repairs, celebrates 80 years of operation, with owner Steve highlighting loyal customers as key to its enduring success and a new lease securing its future.

Patty & Bun Shuts Half Its UK Restaurants

Major UK burger chain Patty & Bun has announced the sudden closure of nearly half its restaurants, including four key London locations, citing challenging trading conditions.

UK Furniture Group Collapses, 500 Jobs at Risk

The Belfield Group, comprising Westbridge Furniture and Belfield Leisure, has entered administration, putting approximately 500 jobs in jeopardy. Administrators are exploring rescue options while trading continues.

Vaping Giant Collapses into Administration, All Jobs Axed

JM Wholesale, the UK's largest vape and smoking supplier, has collapsed into administration, making all 19 employees redundant. Administrators cite government regulations as a key factor in the company's financial difficulties.

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